This is probably the least favorite blog post I will ever write, so I’ll try to make it short and painful. If you live in the United States, tax day is coming up in April. You are no doubt dreading this day even more so than you dread looking at the deductions on each paycheck. If you play blackjack for real money, here’s what you need to know.
You are probably aware that if you hit a jackpot of $1,200 or more at a casino, the casino will then take down all of your personal information and have you fill out a tax form on the spot. The casino will then pass that information along to the IRS. What you may not know is that any amount you win on gambling must be reported. Even if your net win was $1, you must report that $1 as income received from gambling.
Yes, it’s true. And it’s not just casino games. According to the IRS, you must report winnings from all gambling, which includes but is not limited to, winnings from casinos, horse races, lotteries, and raffles. That means if you play a scratch-off game and win $5, you’re required to report that to the IRS. Yes, I realize that no one does that, but to be in full compliance with the law, you must.
The IRS taxes all income you make, including from a casual game of blackjack. The good news is that if you itemize your deductions, you can also report your losses and receive deductions for those. Hey, at least the losses are good for something! To deduct your gambling losses, “the amount of losses you deduct may not be more than the amount of gambling income reported on your return,” according to the IRS website.
What this means is that when you are Togel Online gambling, you need to be a good bookkeeper. Record how much you wager, how much you make and how much you lose for each gambling session. That way, you can accurately report your tax information to the government. Recording that information is also good for your budgeting and I recommend everyone do it to make sure they aren’t spending too much money at casinos.
Chilean miners enjoy blackjack at Florida casino
Remember the Chilean miners? After the Haitian earthquake and before the riots in Egypt, those miners were the talk of the news, the water coolers and Twitter. After surviving 69 days trapped in the shaft, the rescued miners became celebrities, as everyone wanted to hear of their experience and how they held it together and survived. They have appeared at numerous talk shows, in magazines and other media.
On Friday, February 4, those miners were honored at the Seminole Casino Coconut Creek Pavilion as part of the “Tribute to Heroes and Miracles” fundraiser. Fifteen of the 33 rescued Chilean miners attended the event in Coconut Creek, Florida. In addition to the miners, two heroes of the shooting at the Bay County School Board, Mike Jones and Ginger Littleton, were honored. Actor and veteran J.R. Martinez and Paralympian Bradley Johnson were also featured in the tribute.
In addition to taking part in the ceremony, those honored in the festivities played blackjack and other casino games and met admiring customers in attendance. Costs of attending the fundraiser were $100 per person and the proceeds went to benefit the United Mine Workers of America, the Miners Aid Fund, the American Cancer Society and Disabled American Veterans.
The Seminole Casino Coconut Creek is a casino in south Florida owned by the Seminole Tribe. The casino features Las Vegas-style slot machines, new blackjack tables (only approved by the state last year) and a popular poker room. It is one of seven casinos owned by the tribe in the state of Florida
